Economics and economic reasoning -- The economic organization of society -- The U.S. economy in a global setting -- Supply and demand -- Using supply and demand -- Economic growth, business cycles, unemployment, and inflation -- National income accounting -- Growth, productivity, and the wealth of nations -- Aggregate demand, aggregate supply, and modern macroeconomics -- The multiplier model -- Demand management policy -- Politics, surpluses, deficits, and debt -- Money, banking, and the financial sector -- Monetary policy and the debate about macro policy -- Inflation and its relationship to unemployment and growth -- Open economy macro : exchange rate and trade policy -- International dimensions of monetary and fiscal policies -- Tools, rules, and policy.